IWV: fifth week of falling RSI, CMF and momentum
IWV slips 0.7% as CMF and momentum stretch their slide to five weeks
IWV: fifth week of falling RSI, CMF and momentum
Our view last week
After last week's 96% buy-side volume, sellers have retaken control on IWV: this week 82% of trading flowed to the sell side and price slipped 1.4%. It's the fourth straight week of falling CMF and momentum, with the weekly RSI down from 66 to 61. The daily chart still holds a double bottom in the 413 area, with a 4% intermediate rebound: the trade's gain has eased from 11.08% to 9.49%.
This week's summary
IWV's weekly RSI keeps sliding, down to 59, with sellers still in charge of 75% of the volume: it's the fifth straight decline for CMF and momentum, the latter caving to 3.3 from 20.4 a month ago. IWV's technical analysis also points to the daily double bottom holding in the 414 area, with a 4% intermediate rebound. The trade, open for 15 weeks, still shows an 8.78% gain.
IQS Phase
56
ordinary
Signal Strength
35
medium · weak
Sizing
REDUCED
Ranking
#96 / 124
US stocks in progress
Trade P&L %
+8.78%
from signal to today
Rank position
ranks 96th among the 124 Longs already running for US stocks in our ranking, with a signal strength of 35 out of 100.
Sector context
SectorETF Broad
Benchmark ETF—
Sector regime
Performanceweekly coming soon · monthly coming soon
IWV belongs to the etf broad sector (reference ETF ).
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